Home / Knowledge / News / Apparel/Garments / India an attractive retail destination: Economic Survey
India an attractive retail destination: Economic Survey
Mar '15
Owing to its large population and rising disposable incomes, India continues to be an attractive long-term retail destination, says the Economic Survey 2014-15.
Citing AT Kearney’s Global Retail Development Index (GRDI), the government document said India’s retail trade ranking slipped further to twentieth in 2014 from fourteenth in 2013. “The retail sector was affected in 2013 by high consumer price inflation, currency fluctuations, and strict FDI policies,” it said.
“However, India remains an attractive long-term retail destination for several reasons, including its large population, 58.3 per cent of which is below 30 years and 31.1 per cent of which lives in urban areas with rising disposable incomes,” states the Economic Survey 2014-15, tabled in Parliament by finance minister Arun Jaitley, a day before the general Budget was presented.
According to the survey, although migration from traditional stores to modern retail is continuing, the latter accounts for only 8 per cent of the total market.
The survey expects India’s ecommerce market to grow by more than 50 per cent in the next five years. However, it points out inventory management, logistics planning, and resource availability as important hurdles for online retail in India.
Stating that consumer safeguard is another area of concerns for ecommerce consumers, the survey says the government proposes including sufficient provisions in the ongoing amendment to the Consumer Protection Act 1986. (RKS)

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: SIMA

Textiles | On 6th Dec 2016

Amma gave special attention for textile growth in TN: SIMA

Former Tamil Nadu chief minister J Jayalalithaa paid special...

Textiles | On 6th Dec 2016

Cash inflow will revive sales: Textile industry

The textile industry representatives are hopeful of revival of...

Courtesy: EFI Reggiani

Textiles | On 6th Dec 2016

EFI Reggiani shows inkjet textile solutions at India ITME

EFI Reggiani, a leading technology provider of a full range of...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search